WANGHSU: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
WANGHSU
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€927
2024 · €1,000-€73
Equity
€44,377
2024 · €43,450+€927
Cash
€7,976
2024 · €7,282+€694
Balance sheet total
€5.6m
2024 · €218,681+€5.3m
Largest movements
Assets
- Stocks and contracts +€5.3m
new in 2025: €5.3m
of which Stocks: +€4.5m
Equity and liabilities
- Debts after one year +€4.8m
new in 2025: €4.8m
of which Financial debts: +€2.4m
- Current portion of long-term debt +€673,000
new in 2025: €673,000
- Other debts -€129,246
down €129,246 (-75.4%), from €171,484 to €42,237
Income statement
- Gross operating margin +€26,264
up €26,264 (+802%), from €3,275 to €29,538
- Financial charges +€24,882
up €24,882 (+5,828%), from €427 to €25,309
- Depreciation +€973
up €973 (+64.2%), from €1,515 to €2,488
- Other operating charges +€430
up €430 (+505%), from €85 to €515
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€1,000
Gross operating margin
+€26,264
Depreciation
-€973
Other operating charges
-€430
Financial income
-€0
Financial charges
-€24,882
Taxes
-€52
Result 2025
€927
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€5.4m
Investment
-€22,862
Financing
+€5.4m
Cash 2024
€7,282
From operations (derived)
-€5.4m
Net result for the year
+€927
Depreciation
+€2,488
Stocks and contracts
-€5.3m
Receivables within one year
-€34,886
Smaller working-capital items
+€12,338
Other debts
-€129,246
Accrued charges and deferred income
+€18,635
Investment (derived)
-€22,862
Investment in fixed assets (net)
-€22,862
Financing
+€5.4m
Debts after one year
+€4.8m
Current portion of long-term debt
+€673,000
Cash 2025
€7,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,681 | €5,556,834 | +€5.3m | +2,441% |
| Fixed assets | 21/28 | €203,518 | €223,892 | +€20,374 | +10.0% |
| Tangible fixed assets | 22/27 | €3,518 | €23,892 | +€20,374 | +579% |
| Plant, machinery and equipment | 23 | - | €22,181 | +€22,181 | |
| Furniture and vehicles | 24 | €3,518 | €1,711 | -€1,807 | -51.4% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €15,163 | €5,332,942 | +€5.3m | +35,070% |
| Stocks and contracts in progress | 3 | - | €5,289,699 | +€5.3m | |
| Stocks | 30/36 | - | €4,549,699 | +€4.5m | |
| Contracts in progress | 37 | - | €740,000 | +€740,000 | |
| Amounts receivable within one year | 40/41 | €381 | €35,267 | +€34,886 | +9,156% |
| Trade receivables | 40 | - | €35,267 | +€35,267 | |
| Other amounts receivable | 41 | €381 | - | -€381 | |
| Cash at bank and in hand | 54/58 | €7,282 | €7,976 | +€694 | +9.5% |
| Deferred charges and accrued income | 490/1 | €7,500 | - | -€7,500 | |
| Total equity and liabilities | 10/49 | €218,681 | €5,556,834 | +€5.3m | +2,441% |
| Equity | 10/15 | €43,450 | €44,377 | +€927 | +2.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,450 | €43,377 | +€927 | +2.2% |
| Distributable reserves | 133 | €42,450 | €43,377 | +€927 | +2.2% |
| Amounts payable | 17/49 | €175,231 | €5,512,457 | +€5.3m | +3,046% |
| Amounts payable after more than one year | 17 | - | €4,770,000 | +€4.8m | |
| Financial debts | 170/4 | - | €2,420,000 | +€2.4m | |
| Other amounts payable | 178/9 | - | €2,350,000 | +€2.4m | |
| Amounts payable within one year | 42/48 | €175,218 | €723,810 | +€548,592 | +313% |
| Current portion of amounts payable after more than one year | 42 | - | €673,000 | +€673,000 | |
| Trade debts | 44 | €3,487 | €7,667 | +€4,181 | +120% |
| Suppliers | 440/4 | €3,487 | €7,667 | +€4,181 | +120% |
| Taxes, remuneration and social security | 45 | €248 | €905 | +€657 | +265% |
| Taxes | 450/3 | €248 | €905 | +€657 | +265% |
| Other amounts payable | 47/48 | €171,484 | €42,237 | -€129,246 | -75.4% |
| Accrued charges and deferred income | 492/3 | €13 | €18,648 | +€18,635 | +142,575% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €2,488 | +€973 | +64.2% |
| Other operating charges | 640/8 | €85 | €515 | +€430 | +505% |
| Gross operating margin | 9900 | €3,275 | €29,538 | +€26,264 | +802% |
| Operating profit (loss) | 9901 | €1,675 | €26,536 | +€24,861 | +1,484% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €427 | €25,309 | +€24,882 | +5,828% |
| Recurring financial charges | 65 | €427 | €25,309 | +€24,882 | +5,828% |
| Profit (loss) for the period before taxes | 9903 | €1,248 | €1,227 | -€21 | -1.7% |
| Income taxes | 67/77 | €248 | €300 | +€52 | +21.0% |
| Profit (loss) for the period | 9904 | €1,000 | €927 | -€73 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000 | €927 | -€73 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.